Thursday, April 15, 2010

Update for April par t2

The underlying shares have performed mostly as we thought they might for the first part of the month.
 First today I should like to deal with the INDEX KNOCK OUT WARRANT.
  The regression line is pointing upwards and the moving averages points to a steady increase in price.Sure there wil be some reverses as happened Friday and Monday this week. In fact I was knocked out of half my TOPSKC and the stop-loss for the other half was just ONE CENT  above TRIGGER.
  NOT FOR A MOMENT WOULD I THOUGHT OF TAKING THE PUT.I was amazed to see how many people took the PUT .Yesterday there were if I remember correctly about 46  traders trying to exit.IT'S NOT THAT I'M NOSEY,but i do wonder how many traders made a profit on that little exercise.I feel that conditions are not right  for shorting now.
 As far as the Stochastics go ACL,AGL,AMS,EXX,KIO range in the 80% plus area where they with a few variations they stay,while the prices push ever upwards.So in that case I would say hold and wait for a couple of other indicators to show the prices are coming off generally. BIL and IMP are laggards and might turn up as they are hovering on the half way mark now.Looking as if into a recovery are all the banking shares as they look as if they will continue off their lows. The same goes for SAB.The only two that might start a run of their own are SAP and MTN.As always ,only my opinion.Never trade with out doing your own research.

Thursday, April 1, 2010

Stochastic update for April part1

 Well the market played out more or less as we hoped.Do remember to do your own research and to keep short stop-losses upon your warrants as the market is very indecisive at the moment.
 We have obviously not heard the last word of the iron-ore/coal saga .
But of those involved EXX is bumping along a near the top,but does not look if it is going to decline any time soon.
 On the other hand ACL looks as if it will make a good short.
KIO on the other hand might make a good long ,but not just yet.KIO and ACL almost always in the past traded in tandem. I might take a call position in KIO ,but  will wait and see for fresh news.
 All overbought at the moment are ACL,AGL,BIL,SAB, IMP and SOL.they might head higher,but that should lead to a sharper sell-off then.
 AMS and FSR are stuck halfway and if they move up should be a positive signal .Might be a good idea to wait for the overbought to move down ,as the way things look at the moment they won't go right to the bottom and then reverse up from mid-way ,then a strong bullish signal.
 OVERSOLD are MTN,SAP,SBK,OML.
  I PARTICULARY LIKE SBK  at the moment,the others might bump along the bottom for some time,so watch the news before deciding to enter.
As always only my opinion,things change rapidly in derivitives and one can not be certain of anything.
At the moment I'm holding the index calls ,but with very short stop-losses. Small CapResource Shares are reveiwed on page 2
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BVian's ACTIVE Stock and Share Trading Ideas: The Best One can do Now !

BVian's ACTIVE Stock and Share Trading Ideas: The Best One can do Now ! :   The best one can do now is hold onto sections of stocks ...